CNOOC starts construction of oil storage tank in Shaoguan
Thursday, 08 Jan 2009
China Knowledge reported that China National Offshore Oil Corporation has begun construction of an oil products storage tank in Shaoguan, Guangdong Province in southern China.
As per report, with a storage capacity of 40,000 cubic meters the project is expected to distribute 300,000 tonnes of oil products per year in 3 years with annual sales of over CNY 2 billion.
CNOOC reportedly invested CNY 80 million in this project, which has a registered capital of CNY 30 million.
As the largest offshore oil producer in China, the company is the parent of Hong Kong listed CNOOC Limited.
(Sourced from chinaknowledge.com)
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